XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2025
Oct. 31, 2024
Revenues:        
Sales of marine technology products $ 9,688,000 $ 12,105,000 $ 31,151,000 $ 31,819,000
Cost of sales:        
Total cost of sales 5,175,000 6,684,000 16,478,000 17,402,000
Gross profit 4,513,000 5,421,000 14,673,000 14,417,000
Operating expenses:        
Selling, general and administrative 3,021,000 2,762,000 10,042,000 8,305,000
Research and development 506,000 562,000 1,197,000 1,352,000
Depreciation and amortization 212,000 221,000 654,000 724,000
Total operating expenses 3,739,000 3,545,000 11,893,000 10,381,000
Operating income 774,000 1,876,000 2,780,000 4,036,000
Other income (expense):        
Other, net 4,000 (189,000) (79,000) 320,000
Total other income (expense) 4,000 (189,000) (79,000) 320,000
Income before income taxes 778,000 1,687,000 2,701,000 4,356,000
Provision for income taxes (716,000) (396,000) (1,680,000) (1,313,000)
Net income 62,000 1,291,000 1,021,000 3,043,000
Preferred stock dividends - undeclared 0 (368,000) 0 (2,262,000)
Effect of preferred stock conversion 0 14,785,000 0 14,785,000
Net income attributable to common stockholders $ 62,000 $ 15,708,000 $ 1,021,000 $ 15,566,000
Net income per common share - Basic and diluted (in dollars per share) $ 0.01 $ 2.87 $ 0.13 $ 5.62
Shares used in computing net income per common share:        
Basic and diluted (in shares) 8,046 5,473 7,980 2,772
Marine Technology Products [Member]        
Cost of sales:        
Total cost of sales $ 5,175,000 $ 6,684,000 $ 16,478,000 $ 17,402,000